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SOAR Technology Acquisition (SOAR Technology Acquisition) Debt-to-Equity : 0.00 (As of Sep. 2022)


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What is SOAR Technology Acquisition Debt-to-Equity?

SOAR Technology Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. SOAR Technology Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.00 Mil. SOAR Technology Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $230.53 Mil. SOAR Technology Acquisition's debt to equity for the quarter that ended in Sep. 2022 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for SOAR Technology Acquisition's Debt-to-Equity or its related term are showing as below:

FLYA's Debt-to-Equity is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.125
* Ranked among companies with meaningful Debt-to-Equity only.

SOAR Technology Acquisition Debt-to-Equity Historical Data

The historical data trend for SOAR Technology Acquisition's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SOAR Technology Acquisition Debt-to-Equity Chart

SOAR Technology Acquisition Annual Data
Trend Dec21
Debt-to-Equity
-

SOAR Technology Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Debt-to-Equity Get a 7-Day Free Trial - - - - -

Competitive Comparison of SOAR Technology Acquisition's Debt-to-Equity

For the Shell Companies subindustry, SOAR Technology Acquisition's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SOAR Technology Acquisition's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, SOAR Technology Acquisition's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where SOAR Technology Acquisition's Debt-to-Equity falls into.


SOAR Technology Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SOAR Technology Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 0) / 220.666
=0.00

SOAR Technology Acquisition's Debt to Equity Ratio for the quarter that ended in Sep. 2022 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 0) / 230.525
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SOAR Technology Acquisition  (NYSE:FLYA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

SOAR Technology Acquisition Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of SOAR Technology Acquisition's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

SOAR Technology Acquisition (SOAR Technology Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SOAR Technology Acquisition Corp (NYSE:FLYA) » Definitions » Debt-to-Equity
Comparable Companies
CLIN BYN OACB GOBI NPAB DNAD VPCB RVAC DNAB RCLF GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
228 Park Avenue S, PMB 74335, New York, NY, USA, 10003
Website
https://www.soartechnologyacq.com
SOAR Technology Acquisition Corp is a blank check company.
Executives
Peter M Kern director C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Patrick Pichette director 2660 BAY MEADOW, ST LAZARE, QUEBEC CANADA A8 00000
Vicky Bathija officer: See Remarks 2000 PONCE DE LEON BLVD., SUITE 500, CORAL GABLES FL 33134
Mark J Coleman officer: See Remarks 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Soar Technology Sponsor, Lp 10 percent owner 228 PARK AVE S PMB 74335, NEW YORK NY 10003-1502
Jpk Seed Capital, Llc 10 percent owner 228 PARK AVENUE S PMB 99312, NEW YORK NY 10003-1502
Joe Poulin director, 10 percent owner, officer: Chief Executive Officer C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Martha J Tredgett director C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Chris Arsenault director 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174
Greg W. Greeley director C/O SOAR TECHNOLOGY ACQUISITION CORP., 405 LEXINGTON AVENUE, 48TH FLOOR, NEW YORK NY 10174

SOAR Technology Acquisition (SOAR Technology Acquisition) Headlines

From GuruFocus

SOAR Technology Acquisition Corp. Announces Liquidation

By Business Wire Business Wire • 12-20-2022

SOAR Technology Acquisition Corp. Intends to Extend Period to Consummate Initial Business Combination

By Business Wire Business Wire • 12-01-2022

SOAR Technology Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing November 8, 2021

By Business Wire Business Wire • 11-06-2021

SOAR Technology Acquisition Corp. Announces Closing of $230 Million Initial Public Offering

By Business Wire Business Wire • 09-20-2021